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Mandy and Sandy are partners in M & S Cookies. The partnership agreement just states their individual contributions as: $150,00 from Mandy and $100,000 from
Mandy and Sandy are partners in M & S Cookies. Thepartnership agreementjust states their individual contributions as: $150,00 from Mandy and $100,000 from Sandy and nothing else.
a. When Sandy died, her husband claims that as Sandy's heir, he is entitled to take her place as Mandy's partner or to receive a share of the assets. Is he right? Why or why not?
b. Due to Sandy's passing, Mandy is unable to continue the business. What is this referred to and what would be the next step in the process?
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